HSBC has announced that it will offer its international buy-to-let mortgages to UK brokers for the first time.
The new service will incorporate 14 countries and regions, including USA, UAE, Australia, Hong Kong, Switzerland, Singapore, Isle of Man, Guernsey and Jersey.
Availability of its international buy-to-let mortgages has also been expanded by the bank, allowing residents from an additional 5 countries – Qatar, Taiwan, Malaysia, Egypt and Taiwan – the option to invest in the UK property market through BTL and residential mortgages with HSBC UK.
According to HM & Revenue & Customs data, overseas buyers in the UK residential property market accounted for 1.4% of all transactions, a rise of 20% on the previous 12 months.
Chris Pearson, HSBC UK Head of Intermediary Mortgages says: “Our broker partners provide us with a critical barometer around how we shape our proposition in order to help even more customers with their mortgage needs.
“That’s why the introduction of an international BTL offering, plus the incorporation of another five countries to our roster, will be a great addition to their suite of products.
